Poddar Pigments (PODDARMENT)₹254.40−3.38%Dyes And Pigments
In the Mar 2026 quarter (standalone), Poddar Pigments reported sales of ₹101 Cr, up 15.2% from Mar 2025, and net profit of ₹4.73 Cr, down 8.2% year on year. For the year to Mar 2026, sales were ₹376 Cr and net profit ₹14.99 Cr.
Company filings, standalone accounts; latest reported quarter Mar 2026
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 92.22 | 89.27 | 90.28 | 98.16 | 99.11 | 92.19 | 90.60 | 87.33 | 91.41 | 91.52 | 91.87 | 101 |
| Expenses | 81.69 | 80.58 | 80.88 | 85.74 | 87.69 | 85.05 | 83.07 | 79.94 | 84.39 | 84.70 | 85.27 | 95.97 |
| Operating Profit | 10.03 | 8.31 | 9.02 | 12.02 | 11.02 | 6.76 | 7.18 | 7.04 | 6.62 | 6.54 | 6.32 | 4.28 |
| OPM % | 10.8% | 9.2% | 9.9% | 12.2% | 11.0% | 7.3% | 7.9% | 8.0% | 7.2% | 7.1% | 6.9% | 4.2% |
| Other Income | 1.09 | 1.84 | 1.77 | 1.77 | 1.42 | 2.61 | 1.50 | 1.39 | 2.06 | 0.91 | 0.23 | 3.60 |
| Interest | 0.04 | 0.03 | 0.08 | 0.05 | 0.07 | 0.09 | 0.06 | 0.32 | 0.18 | 0.11 | 0.15 | 0.67 |
| Depreciation | 1.62 | 1.64 | 1.63 | 1.79 | 2.03 | 2.06 | 1.89 | 1.93 | 2.29 | 2.29 | 2.33 | 2.44 |
| Profit before tax | 9.40 | 8.43 | 9.03 | 11.86 | 10.26 | 7.16 | 6.68 | 6.14 | 6.17 | 5.01 | 4.04 | 4.73 |
| Tax % | 27.1% | 28.2% | 21.1% | 26.4% | 26.2% | 28.9% | 25.9% | 16.4% | 32.8% | 28.4% | 44.4% | 0.2% |
| Net Profit | 6.86 | 6.08 | 7.13 | 8.74 | 7.60 | 5.11 | 4.94 | 5.15 | 4.16 | 3.59 | 2.26 | 4.73 |
| EPS (Rs) | 6.50 | 5.74 | 6.75 | 8.28 | 7.20 | 4.85 | 4.69 | 4.86 | 3.94 | 3.40 | 2.13 | 4.48 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 326 | 330 | 335 | 358 | 357 | 262 | 297 | 342 | 370 | 369 | 376 | 375 |
| Expenses | 301 | 300 | 308 | 333 | 328 | 230 | 268 | 302 | 328 | 335 | 350 | 350 |
| Operating Profit | 24.05 | 27.06 | 25.06 | 23.05 | 28.05 | 30.04 | 27.05 | 38.09 | 40.10 | 32.06 | 24.05 | 23.76 |
| OPM % | 7.0% | 8.0% | 7.0% | 6.9% | 7.9% | 10.9% | 8.9% | 10.9% | 10.9% | 8.9% | 6.0% | 6.3% |
| Other Income | 3.99 | 3.99 | 6.99 | 3.99 | 3.99 | 3.99 | 4.99 | 5.99 | 6.99 | 6.99 | 6.98 | 6.80 |
| Interest | 0.99 | 0.99 | 0.99 | 0.99 | 0.99 | 0.00 | 0.99 | 0.00 | 0.00 | 0.99 | 0.99 | 1.11 |
| Depreciation | 2.99 | 2.99 | 2.99 | 2.99 | 2.99 | 1.99 | 1.99 | 5.98 | 6.98 | 7.97 | 8.97 | 9.35 |
| Profit before tax | 24.89 | 27.88 | 27.88 | 23.92 | 28.89 | 30.87 | 28.89 | 36.85 | 38.83 | 29.89 | 19.93 | 19.95 |
| Tax % | 27.0% | 27.9% | 32.9% | 29.9% | 26.0% | 23.9% | 25.9% | 25.9% | 26.0% | 25.0% | 26.0% | — |
| Exceptional items | 0.55 | −0.02 | 1.38 | −0.08 | 0.27 | 1.04 | 0.69 | 0.01 | 0.05 | −0.06 | 0.00 | — |
| Net Profit | 17.98 | 19.99 | 19.01 | 16.98 | 20.99 | 23.98 | 21.01 | 26.98 | 28.97 | 23.01 | 14.99 | 14.74 |
| EPS (Rs) | 17.34 | 19.17 | 18.08 | 15.65 | 20.10 | 22.39 | 20.11 | 25.86 | 27.26 | 21.59 | 13.95 | 13.95 |
| Dividend payout % | 14.0% | 18.0% | 19.0% | 19.1% | 0.0% | 11.1% | 12.1% | 14.1% | 15.0% | 19.1% | 29.1% | — |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 11.00 | 11.00 | 11.01 | 11.01 | 11.01 | 11.00 | 11.01 | 11.00 | 11.01 | 11.00 | 11.01 | 10.99 |
| Reserves | 84.11 | 99.18 | 150 | 187 | 208 | 178 | 232 | 307 | 283 | 338 | 354 | 340 |
| Borrowings | 1.01 | 3.01 | 1.01 | 1.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 12.05 | 6.02 |
| Other Liabilities | 28.14 | 24.12 | 27.13 | 24.12 | 27.13 | 33.16 | 24.12 | 35.17 | 38.18 | 40.20 | 38.18 | 55.26 |
| Total Liabilities | 123 | 137 | 189 | 222 | 247 | 221 | 267 | 354 | 333 | 389 | 415 | 412 |
| Fixed Assets | 25.99 | 25.01 | 27.01 | 25.98 | 37.96 | 36.01 | 34.99 | 98.03 | 101 | 121 | 123 | 159 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 8.01 | 36.02 | 7.01 | 0.00 | 0.00 | 2.99 | 0.00 |
| Investments | 6.01 | 12.01 | 56.01 | 82.04 | 87.12 | 49.99 | 91.08 | 122 | 70.07 | 100 | 100 | 80.04 |
| Other Assets | 91.26 | 100 | 105 | 115 | 120 | 127 | 105 | 125 | 161 | 169 | 189 | 173 |
| Inventories | 39.11 | 37.13 | 32.13 | 47.18 | 49.15 | 51.18 | 43.18 | 62.25 | 62.22 | 57.17 | 66.20 | 68.24 |
| Trade receivables | 33.97 | 50.92 | 51.89 | 47.93 | 46.96 | 40.92 | 40.94 | 51.91 | 52.91 | 67.85 | 64.88 | 86.85 |
| Cash & equivalents | 7.96 | 2.99 | 11.95 | 8.97 | 10.96 | 11.95 | 8.96 | 1.99 | 34.88 | 31.86 | 32.87 | 4.98 |
| Total Assets | 123 | 137 | 189 | 222 | 247 | 221 | 267 | 354 | 333 | 389 | 415 | 412 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 18.96 | 3.99 | 26.98 | 6.99 | 21.98 | 30.99 | 23.99 | −2.99 | 15.99 | 20.99 | 11.99 | 54.91 |
| Cash from investing activity | −7.01 | −8.01 | −14.01 | −6.01 | −16.01 | −26.03 | −26.02 | −1.01 | 0.00 | −24.04 | −25.02 | −41.03 |
| Cash from financing activity | −8.99 | −0.99 | −4.99 | −2.99 | −4.99 | −4.01 | 0.00 | −2.99 | −6.99 | 0.00 | 6.99 | −11.99 |
| Net cash flow | 3.01 | −5.01 | 8.01 | −2.01 | 2.01 | 0.00 | −3.01 | −7.01 | 8.01 | −3.01 | −6.01 | 3.01 |
| Capex | 1.23 | 2.48 | 4.68 | 2.55 | 21.11 | 18.49 | 18.23 | 32.49 | 4.03 | 26.21 | 24.26 | 32.73 |
| Free cash flow | 18.06 | 2.01 | 23.07 | 7.02 | 1.01 | 12.04 | 6.02 | −36.10 | 12.03 | −5.01 | −12.04 | 23.07 |
| CFO / OP % | 109.0% | 46.1% | 128.1% | 61.1% | 127.1% | 136.1% | 108.1% | 12.1% | 62.0% | 71.1% | 55.0% | 238.1% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 40 | 58 | 58 | 53 | 49 | 43 | 58 | 66 | 58 | 68 | 65 | 85 |
| Inventory days | 57 | 53 | 47 | 67 | 64 | 69 | 87 | 110 | 97 | 82 | 94 | 97 |
| Days payable | 22 | 17 | 22 | 19 | 19 | 23 | 24 | 26 | 33 | 27 | 23 | 44 |
| Cash conversion cycle | 74 | 93 | 82 | 101 | 94 | 88 | 120 | 148 | 121 | 122 | 136 | 137 |
| Working capital days | 66 | 80 | 76 | 91 | 81 | 71 | 97 | 118 | 96 | 104 | 103 | 133 |
| ROCE % | 25.0% | 24.0% | 21.0% | 15.0% | 12.0% | 14.0% | 14.0% | 10.0% | 12.0% | 12.0% | 9.0% | 6.0% |
For the Mar 2026 quarter, Poddar Pigments reported sales of ₹101 Cr, up 15.2% year on year and net profit of ₹4.73 Cr, down 8.2% year on year. The operating margin was 4.2%.
Poddar Pigments' sales for the year to Mar 2026 were ₹376 Cr; over the last twelve months they were ₹375 Cr.
Net profit for the year to Mar 2026 was ₹14.99 Cr, and ₹14.74 Cr over the last twelve months. Earnings per share over the same trailing period were ₹13.95.
Poddar Pigments reported borrowings of ₹6.02 Cr at Mar 2026, against cash and equivalents of ₹4.98 Cr.
Cash from operations was ₹54.91 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹23.07 Cr.